Our firm
Leading financial institutions source data center compute deals and manage their risk with American Compute. We work with private credit funds, equipment finance lenders, and the operators they finance.
For operators, GPU Lenders arranges GPU loans and leases from $500K to $200M through our lending partners, and Managed GPUs buys, hosts and runs GPU servers the client owns, for flat fees. Operators can also insure GPU servers in third-party data centers through our program.
We have supported more than $600 million in financing across North America, Asia, and Europe, from appraisals to investment-grade backstops. Our work draws on more than 600,000 data points on hardware pricing and depreciation, run through the Eagle Engine, the proprietary underwriting engine and workflows we built to value collateral, score operators and offtakers, and grade every deal before a funder sees it. It is why insurers delegate underwriting authority to our program.
Our insurance capacity includes Incline P&C Group, accessed through the Accelerant Risk Exchange, to help protect the data center assets and operations behind the financing opportunities we bring to funders. We’re an Accelerant Member. Accelerant is a technology-enabled specialty insurance business built around the Risk Exchange, which connects specialist businesses with long-term insurance capacity and the data, technology and infrastructure to manage risk and grow.
Mission
To be the financial scaffolding behind every GPU loan. We originate, appraise, insure, manage the risk, and service the loan. We are the GPU Loan Servicers.
When neoclouds fail, we help lenders recover and buyers acquire and roll up the assets.
Vision
Every era of hard technology has needed its bank. Railroads, jet fleets and power plants were built with other people’s money, and the institutions that learned to price that risk grew as large as the industries they financed. AI infrastructure is one of the largest capital buildouts in history, and it does not have that institution yet.
We are building it: the bank and insurer for capex-heavy technology. Not a deposit-taker, but the firm that arranges the capital, prices the risk and stands behind the asset, the way the great merchant banks did for the industries of their day.
GPUs are where we start. The Eagle Engine and the data behind it are built to underwrite whatever comes next: robotics, autonomous fleets, energy storage, and every other frontier technology that is expensive to build and hard to value.
Leadership
- Bernie Margulies, Chief Executive Officer
- Bernie leads the American Compute program and its relationships with reinsurers and capacity managers. He holds the Chartered Property Casualty Underwriter (CPCU) and Associate in Captive Insurance (ACI) designations. He previously held senior roles at venture-backed insurance and technology companies, with a background in technology investment and underwriting for emerging asset classes.
- Brenden Reeves, Chief Operating Officer
- Brenden leads operations and our appraisal and diligence practice, and built our resale database and valuation models. He was a machine learning researcher with Lawrence Berkeley National Laboratory, on a Department of Energy project for CERN’s Large Hadron Collider. He then worked as a machine learning consultant to global firms including Databricks, Baker Hughes and Thomson Reuters.
- Illia Kasian, Chief Technology Officer
- Illia leads engineering, including the Eagle Engine, our underwriting engine. He was previously a founding engineer at a Y Combinator-backed insurance carrier and a machine learning engineer building fraud detection systems at scale, with experience across insurance and defense technology.
Advisors
- Peter H. Foley, Advisor
- Peter advises on insurance program design. He has more than 35 years in specialty property and casualty insurance, reinsurance, and alternative risk, including 11 years in London and the Lloyd’s market. Since the early 1990s he has built more than six specialty insurance businesses and designed captive, risk retention group, and program structures on and offshore. He founded Rhodium Program Management in 2020.
Offices
San Francisco, CA 94111New York430 Park Avenue
New York, NY 10022
Licensing and disclosures
Insurance solutions under the American Compute program are placed by Matcha Specialty Insurance Services (Matcha Specialty LLC), 1160 Battery Street East, Suite 100, San Francisco, CA 94111, licensed by the California Department of Insurance as a surplus lines broker and a property and casualty broker-agent, License No. 6018236. American Compute is the name of the program Matcha Specialty operates. Matcha Specialty is not an insurer. Where an insurer has delegated underwriting authority to it, Matcha Specialty underwrites, prices, and binds coverage within that authority; otherwise the insurer makes those decisions. Matcha Specialty LLC is an Accelerant Member and accesses insurance capacity through the Accelerant Risk Exchange, including capacity from Incline P&C Group. Not every placement is written by Incline, and some coverage is placed with other insurers; you receive the issuing insurer's legal name, financial strength rating, and domicile on every quote and binder before anything is signed.
Covered claims are the obligation of the issuing insurer under the policy. References on this site to investment-grade reinsurance describe support for that insurer; reinsurance does not by itself give a policyholder a right to payment from any reinsurer.
Surplus lines notice. Some coverages, including residual value insurance solutions, are placed with nonadmitted (surplus lines) insurers. A nonadmitted insurer is not licensed by the California Department of Insurance, is not subject to the financial solvency regulation and enforcement that apply to California-licensed insurers, and does not participate in the insurance guarantee funds created by California law, so those funds will not pay claims or protect your assets if the insurer becomes insolvent. Matcha Specialty provides the surplus lines disclosures required by law with each such placement. For more information, contact the California Department of Insurance at 1-800-927-4357 or www.insurance.ca.gov.
American Compute, Inc. is a data and services company; it is not an insurer, is not a licensed insurance producer, and is not a lender. Captive structuring is provided by Matcha Risk LLC.
No coverage is bound unless and until confirmed in writing by the issuing insurer, or by Matcha Specialty under authority that insurer has delegated. Coverage is available only where Matcha Specialty is licensed to place it, and is subject in all respects to the terms, conditions, limits, and exclusions of the policy as issued. Nothing on this website should be relied upon as investment, tax, accounting, or legal advice.